The Marcos administration has no plan to reduce government spending to temper the nation’s ballooning debt load, the incoming chief of the Department of Finance (DOF) said on Monday, June 6. Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno, who is President-elect Ferdinand R. Marcos Jr.’s
The Bureau of the Internal Revenue (BIR), the government’s main tax agency, missed its collection goal in the first-quarter due to higher availment of input value-added tax (VAT) credits by businesses. In a statement released by the Department of Finance (DOF) on Sunday, May 22, the bureau repor
Socioeconomic Planning Secretary Karl Kendrick T. Chua is hopeful that the next administration will adopt policy continuity as he also cautioned against reversing some important reforms enacted under the Duterte administration. Chua, who is also head of the National Economic and Development Auth
The Department of Finance (DOF) has begun the discussion with the team of presidential frontrunner Ferdinand “Bongbong” R. Marcos Jr. for a smooth transition of power. Finance Secretary Carlos G. Dominguez III said on Tuesday, May 10, that the transition process has started, describing the initi
Filipinos are getting entrepreneurial as the Bureau of the Internal Revenue (BIR) reported an increase in the number of new businesses last year despite the prolonged pandemic, the Department of Finance (DOF) said. BIR Commissioner Caesar R. Dulay reported to the DOF that the agency registered 4